Women prove to be better managers even in rural areas
By PTI
Tuesday October 16, 02:53 PM
Malvika Bhatnagar
New Delhi, Oct 16 (PTI) Women have emerged as the better managers not only in the corporate world but also in the remote villages of the country where the fairer sex has managed to successfully provide micro finance to alleviate poverty.
'Nalajhiri', a remotely situated village in Madhya Pradesh boasts of such women who have emerged leaders in a drive against poverty. About 77 women from the village have set an example and inspiration to all by successfully revolving the available fund of Rs 80,000 up to twice of its value.
The women members of a common interest group scheme availed of loans from the village fund 'Apnakosh' and have been prompt in repaying the amount, marking a recovery rate of 100 per cent in micro-finance.
The micro financing unit in the Nalajhiri village of district Rajgarh is a part of the Madhya Pradesh District Poverty Initiatives Project (MPDPIP) funded by the World Bank which is being implemented in 14 districts of the state.
"The Village Development Committee (VDC) has given loans for Rs 1,000 to Rs 3,000 to persons who needed to get a tube-well dug, for buying equipments for farmings, seeds and fertilisers etc," Manju Bhargava, the VDC secretary and a resident of Nalajhiri says.
The project became effective from March 2001 and the total outlay for the project is Rs 521.55 crore out of which Rs 59.92 crore would come from the contribution of community and share of the state government.
By PTI
Tuesday October 16, 02:53 PM
Malvika Bhatnagar
New Delhi, Oct 16 (PTI) Women have emerged as the better managers not only in the corporate world but also in the remote villages of the country where the fairer sex has managed to successfully provide micro finance to alleviate poverty.
'Nalajhiri', a remotely situated village in Madhya Pradesh boasts of such women who have emerged leaders in a drive against poverty. About 77 women from the village have set an example and inspiration to all by successfully revolving the available fund of Rs 80,000 up to twice of its value.
The women members of a common interest group scheme availed of loans from the village fund 'Apnakosh' and have been prompt in repaying the amount, marking a recovery rate of 100 per cent in micro-finance.
The micro financing unit in the Nalajhiri village of district Rajgarh is a part of the Madhya Pradesh District Poverty Initiatives Project (MPDPIP) funded by the World Bank which is being implemented in 14 districts of the state.
"The Village Development Committee (VDC) has given loans for Rs 1,000 to Rs 3,000 to persons who needed to get a tube-well dug, for buying equipments for farmings, seeds and fertilisers etc," Manju Bhargava, the VDC secretary and a resident of Nalajhiri says.
The project became effective from March 2001 and the total outlay for the project is Rs 521.55 crore out of which Rs 59.92 crore would come from the contribution of community and share of the state government.
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